Dutch AI chip startup Euclyd raises $231 million in funding round co-led by Samsung
Former ASML CEO Peter Wennink has also joined as chairman of the board
Former ASML CEO Peter Wennink has also joined as chairman of the board
Financing was raised across two tranches
Five new investors have participated in the round
Latest fundraise values company at more than $1bn
Financial terms of deal have not been disclosed
Deal with Bleichroeder Acquisition Corp. II has provided Pasqal with approximately $360 million in cash
Comes as chip giant denies claims it's been developing China-specific LPU
Comes weeks after company announced $300m fundraise
Findings based on responses from more than 200 companies
Announcements made alongside company’s Q2 2026 results
GPUs for initial CDC deployment have been ordered, companies said
Facility will support AMD GPU deployments once completed
Capacity will be deployed at Bitcoin miner’s campus in Rockdale, Texas
Company said it wants to provide information about the project, local residents remain unconvinced
Six quantum computing companies now publicly trading following SPAC mergers
Investors include Blackstone, Coatue, Nvidia, and Jane Street
Facility will employ 3,000 people from neighboring counties
Financial terms or expected timeline for completion were not disclosed
Rumors AI company was looking to develop its own custom silicon first emerged earlier this year
Data center revenue now represents 58 percent of total revenue
Data center expected to have a total eventual capacity of 15MW
Company is developing suite of specialized inference chips which will be linked by a photonic interconnect
The Union says its ‘AI gigafactory’ project will unlock at least €20 billion in private investment
Umesh Padval, managing partner of Seligman Ventures, will also join the company’s board
Startup claims more than 120 chip companies have already deployed its platform
Company says its memory business set “an all-time high for quarterly revenue and operating profit” in Q2
Despite chip designer's bullish outlook, total revenue for Q1 2027 was down on the last quarter
Agreement has seen Department of Commerce take a one percent stake in the chipmaker